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Business & Finance

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Leviathan; Source: NewMed Energy
Business & Finance

Chevron gets down to the nitty-gritty of gas production boost at Mediterranean field with $429 million earmarked for FEED

Chevron and its partners in a giant natural gas field off the coast of Israel have greenlighted a multimillion-dollar investment to start the ball rolling on the front-end engineering design (FEED) phase for the proposed expansion of the gas export capacity from this Mediterranean field.

about 2 years ago
Illustration; Source: BP
Business & Finance

BP to acquire 49% stake in Hyport Duqm green hydrogen project in Oman

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DEME and OQ have reached an agreement to have BP as an equity partner and operator in the Hyport Duqm green hydrogen project.

about 2 years ago
VARD's newbuild 962 CLV leaves Romania and sets sail to Norway; Source: VARD
Business & Finance

VARD’s new cable-laying vessel making its way to Norwegian waters (Video)

VARD is looking forward to welcoming to Norway a cable-laying vessel (CLV) it is constructing for Denmark’s subsea specialist NCT Offshore.

about 2 years ago
CSV Edda Freya; Source: DeepOcean
Business & Finance

BP puts UK field in rearview mirror as DeepOcean’s vessel pulls largest SSIV out of North Sea (Gallery)

DeepOcean has tucked a new decommissioning milestone under its belt by removing what has been deemed to be the largest subsea isolation valve (SSIV) in the North Sea.

about 2 years ago
Modelling CO2 injection; Source: Kongsberg Digital
Business & Finance

Canadian integrated CCS solution enhancing North Sea carbon storage project

Sval Energi has selected a comprehensive carbon capture and storage (CCS) solution developed by Canada-based Computer Modelling Group (CMG) for one of its CO2 transportation and storage projects in the Norwegian North Sea.

about 2 years ago
The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO
Business & Finance

US DOE unveils notice of intent to fund wave energy tech advancement

The U.S. Department of Energy’s (U.S. DOE’s) Water Power Technologies Office (WPTO) has disclosed an intent to provide up to $112.5 million to advance the commercial readiness of wave energy technologies through open water testing and system validation.

about 2 years ago
Argus project; Source: north.io
Business & Finance

Coming to grips with security risks: Germany backs project for keeping critical subsea infrastructure out of harm’s way

Given the worldwide rise in threats to energy and other underwater industries’ infrastructure such as offshore installations, pipelines, and cables, many countries, especially in Europe, have been upping their security ante to prevent further attacks.

13 minutes read
Wearable device; Source: Salunda
Business & Finance

BP handpicks red zone monitoring tech for North Sea well intervention ops

Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has inked a deal with energy giant BP to install its monitoring solution on the latter’s North Sea assets.

about 2 years ago
Cable burial campaign delivered for Nexans; Source: OEG Renewables
Business & Finance

Nexans keeps weaving its subsea web of renewables as cable burial ops wrap up at UK offshore wind farm

With a new turnkey cable burial campaign out of the way, Nexans continues interlacing new renewable energy threads into its underwater green power network.

about 2 years ago
Canada to support clean hydrogen trade with Germany with up to $300 million
Business & Finance

Canada to support clean hydrogen trade with Germany with up to $300 million

Canada will commit up to $300 million to ensure the development of a transatlantic hydrogen trade corridor with Germany.

about 2 years ago
Illustration; Source: Gulf Marine Services (GMS)
Business & Finance

GMS looks to the future with hope as it strikes a multimillion-dollar bank deal for debt refinancing

UAE-based Gulf Marine Services (GMS), a provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sector, has sealed a deal with three banks to refinance its bank debt.

about 2 years ago
Illustration/NetBuoy during tank trials (Courtesy of Wave Energy Scotland)
Business & Finance

WES picks second round of Direct Generation Concept Design Competition winners

Wave Energy Scotland (WES) has granted £400,000 (approximately $514k) to be shared between two projects in the second round of the Direct Generation Concept Design Competition.

about 2 years ago
Woodside Scarlet Ibis LNG vessel comes to Pluto LNG; Source: Woodside
Business & Finance

WATCH: Woodside receives new vessel at Pluto LNG with open arms

Woodside Energy has bid a warm welcome to the newest addition to its global LNG fleet after the vessel came to Pluto LNG project site.

about 2 years ago
Illustration; Source: Archer
Business & Finance

Archer enlarging its service offering with takeover of Argentinian managed pressure drilling firm

Archer has inked a deal to acquire Air Drilling Associates’ managed pressure drilling (MPD) subsidiary, ADA Argentina.

about 2 years ago